Campden Wealth is expanding its membership opportunities to ultra-high-net worth families in the Asia-Pacific region, the education and networking organization announced Wednesday.
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The expansion will allow families from the U.S., Europe and the Middle East to network with Asia-Pacific families, the firm said.
Ming Wong has joined Campden as regional director-Asia Pacific and is based in Hong Kong to lead the company's membership and business development in Asia and Australia.
Wong spent three years establishing a Singapore family office, where he served as managing director and chair of the investment committee. Previously he had 20 years in investment banking.
The addition of Asia-Pacific families to the Campden Wealth membership roles is being done in response to feedback from families who want to communicate with peers around the world, said Campden.
Campden last year acquired the Institute for Private Investors, which provides services for ultra-high-net worth families in the U.S. IPI and Campden families have an increasingly global orientation, according to the firm.
An IPI Family Performance Tracking survey released earlier this year showed 44% of IPI member families said they planned to increase their holdings in global equities this year. In last year's IPI survey, families indicated they had invested nearly a third of their portfolio outside the U.S.
The membership program brings together IPI private investors and Campden families to participate more closely in a community of peers with global reach, both in person and online via the organization's Memberlink network, said John Pettifor, Campden CEO.
-Karen DeMasters